The price data collected by the IPP is
used to produce indexes which measure, on a monthly basis, changes
in transaction prices of goods and services exported from or
imported into the U.S. This published data is in turn used to
deflate import and export trade statistics, deflate the foreign
trade component of the GDP, determine monetary and fiscal policy,
negotiate trade agreements, and determine trade and commercial
policy. The respondents are establishments conducting import/export
trade and receive no compensation for their participation. The IPP
survey is a voluntary survey.
US Code:
29 USC 1 & 2 Name of Law: BLS Authorizing Statute
Total respondent burden has
decreased overall, primarily due to a shift to collect more data
for imported items than for exports. This shift reflects the change
in the relative value of U.S. imports compared to U.S. exports.
However, the average burden per respondent has remained about the
same.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.